Overview

• US semiconductor equipment supplier's Q1 revenue rose yr/yr, beating analyst expectations

• Adjusted EPS for Q1 beat analyst expectations

• Growth driven by ECP and advanced packaging applications

Outlook

• ACM Research maintains 2026 revenue guidance of $1.08 bln to $1.175 bln

Result Drivers

• NEW PRODUCT SHIPMENTS - Co cited shipments of new PECVD SiCN system and advanced packaging equipment to global customers as contributing to Q1 growth

• CUSTOMER ADOPTION - Co said growth reflected increasing customer adoption of differentiated technologies in high performance applications

• R&D AND PRODUCT PORTFOLIO - Co said R&D investments and launch of ACM Planetary Family portfolio enabled industry-leading offerings and supported global customer engagement

Company press release: ID:nGNX9tGRpw

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Revenue	Beat	$231.26 mln	$216.47 mln (6 Analysts)
Q1 Adjusted EPS	Beat	$0.34	$0.20 (3 Analysts)
Q1 EPS		$0.24
Q1 Net Income		$17.31 mln

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the semiconductor equipment & testing peer group is "buy"

• Wall Street's median 12-month price target for ACM Research Inc is $69.00, about 24.6% above its May 6 closing price of $55.38

• The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 27 three months ago

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